Seeing weakness in the market, we moved our client portfolio's further into the safety of cash today. At the close we went from 75% invested to 55%. This means that we now have 45% of our client's assets sitting safely in cash protected out of the market. Our latest blog update at: http://resnn.blogspot.com
Although I am hopeful that we will see strength pick up soon, for now a short term (small) correction seems likely.
Staying protected in cash is the right place to be until the market makes up its' mind whether it wants to go higher or not. This could all change tomorrow, but for now I prefer to keep our clients in a defensive mode.
Although I am hopeful that we will see strength pick up soon, for now a short term (small) correction seems likely.
Staying protected in cash is the right place to be until the market makes up its' mind whether it wants to go higher or not. This could all change tomorrow, but for now I prefer to keep our clients in a defensive mode.
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